Articles with tag: european commission

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EU to help banks affected by COVID-19 to keep lending

News | Payments General | 17 Dec 2020

The European Union has planned to help banks jettison soured loans more easily and continue lending to households and business hit by the COVID-19 pandemic, according to Reuters.

EU, banks, COVID-19, lending, Reuters, European Union, ECB, European Central Bank, European Commission, NPL, pandemic, loans

New measures to boost data sharing proposed by the EC

News | Online Payments | 25 Nov 2020

The European Commission has proposed new rules on data governance to better exploit the potential of ever-growing data in a trustworthy European framework.

GDPR, data, data privacy, data sovereignty, data control, data sharing, Europe, bigtechs, European Commission

Worldline acquires Ingenico Group

News | Online Payments | 02 Nov 2020

France-based payments provider Worldline has acquired Ingenico Group for an undisclosed sum.

Worldline, Ingenico, acquisition, France, payments provider, payments settlemes, Europe, omnichannel payments solution, European Commission,

European Commission rolls out the 8th European Cyber Security Month

News | Digital Identity, Security & Online Fraud | 02 Oct 2020

The European Commission has initiated its 8th European Cyber Security Month.

European Commission, Cyber Security Month, fraud prevention, education, cybersecurity, awareness, US, Europe

The European Commission releases legislative package for crypto assets

News | Cryptocurrencies | 28 Sep 2020

In September 2020, the European Commission has published a legislative package for crypto assets in the EU. 

European Commission, legislative, crypto assets, cryptoassets, Digital Finance Strategy, Regulation on Markets in Crypto Assets, Pilot Regime for Market Infrastructures, DLT, regulations, best practices, national frameworks, CASPs, Crypto Asset Service Providers, Single Market, EU legislation, standardisation, crypto regulations

EU rolls out evaluation of the Vertical Block Exemption Regulation for ecommerce

News | Ecommerce | 09 Sep 2020

The European Commission has published its findings of the evaluation of the Vertical Block Exemption Regulation ('VBER'), together with the Vertical Guidelines.

European Commission, Vertical Block Exemption Regulation, VBER, ecommerce, online payment platform, online payments, European Union regulation, Europe, Treaty on the Functioning of the European Union

European Commission gives conditional approval to Mastercard's acquisition of Nets

News | Payments General | 19 Aug 2020

European Commission (EC) has given conditional approval to Mastercard for the acquisition of Nets, the Denmark-based payment solutions provider. 

European Commission, Mastercard, Nets, EC, Denmark, payments, European Economic Area, EEA, account-to-account, A2A CIS, technology

European Commission launches public consultation for eIDAS Regulation

News | Digital Identity, Security & Online Fraud | 31 Jul 2020

The Commission has launched a public consultation on the revision of the the eIDAS Regulation, involving electronic identification and trust services for electronic transactions.

European Commission, public consultation, eIDAS regulation, electronic identification, trust, electronic transactions, e-signatures, digital identity, Europe, European Digital Identity, cross-border legal framework, authentication, EU

Worldline launches offer for Ingenico shares

News | Online Payments | 30 Jul 2020

Autorité des Marchés Financiers (AMF) has announced that the Worldline’s offer for Ingenico's shares and OCEANEs will open on July 30, 2020.

OCEANE, Worldline, Ingenico, European Commission, AMF, Autorité des Marchés Financiers, merger, acquisition, France, Europe

Bankera launches business loans for digital SMEs

News | Online & Mobile Banking | 28 Jul 2020

Lithuania-based fintech Bankera has started to offer business loans for small and medium-sized enterprises (SMEs). 

Bankera, business loans, SMEs, digital sector, covid19, Bankerea Business Loans, European Commission, hackathon, lending solution, Lithuania, Europe, business invoice financing, refinancing, short-term lending services

The A-Z of the Interchange Fee Regulation and how it shifts the industry – Interview with Payments Europe

Interviews | Online Payments | 24 Jul 2020

Robrecht Vandormael, Secretary General from Payments Europe, explains the impact of the European Interchange Fee Regulation on merchants, card issuers, and payment providers and what we can expect from the future.

Robrecht Vandormael, Payments Europe, Interchange Fee Regulation, Regulation on Interchange Fees for Card-based payment transactions, European Commission, EY, Copenhagen Economics, interchange fees, cards, credit cards, card issuers, Belgian Minister of Economy, PSD2, SCA, payments, POS, merchants, retail, ecommerce

EU's proposed framework for crypto assets market

News | Cryptocurrencies | 23 Jul 2020

The European Commission has concluded a public consultation on crypto assets in March 2020 which follows detailed due diligence, according to Forbes.

European Commission, EU, framework, Europe, Forbes, crypto assets, market, virtual currencies, European Parliament, blockchain observatory, legislation, European Securities and Markets Authority, ESMA, European Banking Authority, EBA, European Crowdfunding Service Providers Regulation

PayPal confirms plans to enter the crypto market

News | Cryptocurrencies | 17 Jul 2020

Digital payments company PayPal has published a letter to the European Commission revealing that is developing crypto-asset management capabilities.

PayPal, crypto, digital payments, European Commission, crypto-assets, cryptocurrency market, AML, CFT

Austria, Belgium, and the Netherlands referred to the Court of Justice of the EU for AML failings

News | Digital Identity, Security & Online Fraud | 06 Jul 2020

The European Commission has referred Austria, Belgium, and the Netherlands to the Court of Justice of the European Union.

European Commission, AML, AMLD4, betting, gambling, financial authorities, Austria, Belgium, the Netherlands

The pan-European payment system initiative to be launched very soon

News | Online Payments | 01 Jul 2020

Twenty big European banks are getting ready to create a payment standard called the Pan-European Payment System Initiative (PEPSI), reports Electronic Payments International.

Pan-European Payment System Initiative, PEPSI, payments, banks, European Central Bank, ECB, European Commission

FCA orders Wirecard to suspend activity in UK

News | Online Payments | 29 Jun 2020

The UK Financial Conduct Authority has ordered Wirecard to suspend operations in the UK and warned it not to dispose of any funds, following the companies' insolvency filing in Germany.

FCA, Financial Conduct Authority, Wirecard, Wirecard scandal, Germany, Europe, payments company, financial authority, European Commission, payments company, European Securities and Markets Authority

Europe-based fintechs to launch a new cross-border organisation

News | Payments General | 25 Jun 2020

A group of Europe-based fintechs have joined forces to launch a new non-profit organisation, the European Fintech Association (EFA)

Europe, fintech, cross-border, EFA, European Fintech Association, non-profit, EU, financial services, Raisin, savings marketplace, SaaS provider, Finleap, alternative lender, Funding Circle, wealth management, Moneyfarm, digital bank, N26, money transfer, TransferWise, European Commission, digital finance strategy, Mintos, Scalable Capital, TrueLayer, Wirecard

European Commission promises 'strong' rules for Facebook's Libra

News | Cryptocurrencies | 25 Jun 2020

The European Commission has announced plans to present later in 2020 new rules to develop a ‘sound’ crypto-asset market in the EU.

European Commission, Facebook, Libra, stablecoins, crypto assets, cryptocurrency, regulation

Apple Card rolls out its Apple Card Monthly Installments financing programme

News | Cards | 17 Jun 2020

Apple has announced the expansion of its Apple Card Monthly Installments financing programme, available on purchases of Macs, Apple TVs, AirPods, and others.

Apple, US, Apple Card Monthly Installments, Apple Card, Apple Card holders, Apple Wallet, cash backs, European Commission, antitrust investigation, Apple Pay

The European Commission opens antitrust investigation into Apple Pay

News | Mobile Payments | 17 Jun 2020

The European Commission (EC) has opened an investigation into Apple Pay to assess whether Apple's conduct violates EU competition rules.

The European Commission, EC, Apple Pay, merchants, tap and go, antitrust investigation, Spotify, Kobo